retention

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retention

noun conservatio, constraint, control, grasp, hold, holding action, holding power, keeping, memory, possessio, reservation, restraint, tenacity
Associated concepts: retention of benefits
See also: apprehension, arrest, engagement, enjoyment, occupancy, occupation, possession, recollection, remembrance, reservation, use

retention

in the Scots law of contract, the right for A not to pay money due to B under a contract until damages due by B to A under the same contract are ascertained. Thus, a claim for freight may be opposed by a claim for damage done to the goods in transit. In bankruptcy or liquidation, a party who is facing an illiquid claim may retain in respect of an illiquid sum owed to him by the bankrupt and it is not necessary that the debts should arise out of the same contract.

In the law of Sale of Goods 1979, where the property in goods has not passed to the buyer, the unpaid seller has a right to withhold delivery similar to and co-extensive with his rights of lien or retention and stoppage in transit where the property has passed to the buyer.

RETENTION, Scottish law. The right which the possessor of a movable has, of holding the same until he shall be satisfied for his claim either against such movable or the owner of it; a lien.
     2. The right of retention is of two kinds, namely, special or general. 1. Special retention is the right of withholding or retaining property of goods which are in one's possession under a contract, till indemnified for the labor or money expended on them. 2. General retention is the right to withhold or detain the property of another, in respect of any debt which happens to be due by the proprietor to the person who has the custody; or for a general balance of accounts arising on a particular train of employment. 2 Bell's Com. 90, 91, 5th ed. Vide Lien.

References in periodicals archive ?
Consistent retention and drainage under harsher conditions--higher sheet ash (increased from 15 to 19%), faster machine speeds, and high levels of anionic trash (in OBA high bright grades).
Irenee Philippe noted that combinations of micropolymer and microparticle systems provide the latest technology for papermakers to decouple the mechanisms of retention and drainage (RDF), allowing for unprecedented control of the papermaking process.
In a different application, Mark Zempel, market manager, retention for Eka, noted that a coated recycled board producer used a nanoparticle system on its largest machine to increase production by 5% for a multimillion dollar payback.
The media also largely ignored other CCSR studies that had indicated that Chicago's retention policy was popular among the city's teachers, principals, and parents for, among other things, setting clear standards for student performance (see "Educators and Students Speak," page 49).
In New York, the critical CCSR studies helped fuel opposition to the new retention program.
The Chicago Board of Education, also responding to the new CCSR reports, immediately modified its student retention program by dropping math scores as a consideration in retention decisions.
In many respects, risk retention resembles equities options, such as puts or calls.
This is one reason why risk retention more closely resembles an investment decision.
While the logic appears counterintuitive, a highly profitable organization with other alternatives for investing its capital may not want to incur the significant opportunity costs of tying up its capital in risk retention.
Light transmission or turbidity was being used as a measure of white water solids--primarily as a result of the introduction of the on-line retention measurement systems.
These broke treatment concepts grew out of existing retention aid polymers and continue to be used effectively today.
Some examples of this coagulant concept being used in different parts of the industry include internal size promotion or fixation, efficiency gains for wet end starch and dry strength additives, optical whitener quenching, incoming water color removal, effluent neutralization prior to the clarifier, dual polymer retention systems, and drainage aids for save alls and forming fabrics.